Uncertainty in the business environment due to the slowdown in China, Brexit and foreign-exchange volatility
First written in FY2017-Q1. 3 of 8 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
8 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual reportThe FY2018 business and risk disclosures do not identify the Chinese economy, Brexit, foreign-exchange movements or similar factors as specific sources of uncertainty in the way they previously did.
- FY2018-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy was gradually recovering, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain because it was difficult to assess policy developments in foreign countries, particularly in Europe and the United States.」
The company continues to describe uncertainty surrounding policy management in foreign countries and explicitly states that there has been no material change in business and other risks. - FY2018-Q2WorsenedAnnual report
「During the first six months of the fiscal year under review, the Japanese economy saw continued improvements in corporate earnings and employment, and private consumption remained on a recovery track. However, the outlook remained uncertain because it was difficult to assess the future direction of policy management in foreign countries, particularly in Europe and the United States, as well as developments concerning North Korea.」
In addition to policy management in foreign countries, developments concerning North Korea are identified as an uncertain factor affecting the outlook, broadening the scope of external-environment risks described. - FY2018-Q1ReframedAnnual report
「During the first three months of the fiscal year under review, the Japanese economy saw continued improvements in corporate earnings and employment, while private consumption also began to recover somewhat. However, the outlook remained uncertain because it was difficult to assess the future direction of policy management in foreign countries, particularly in Europe and the United States.」
The description of uncertainty in the business environment has shifted from specific factors such as China’s economy, Brexit and foreign-exchange movements to uncertainty surrounding policy management in foreign countries, particularly in Europe and the United States. The company states that there has been no material change in business and other risks. - FY2017RestatedAnnual report
「During the fiscal year under review, the Japanese economy was on a gradual recovery track, supported by the government’s economic policies and other factors, but the outlook for the domestic economy remained highly uncertain as concerns about a slowdown in emerging-market economies, including China, the United Kingdom’s withdrawal from the EU and the policies of the new U.S. administration affected financial markets.」
Uncertainty in financial markets and the domestic economy arising from China, Brexit and U.S. policy trends continues to be identified. - FY2017-Q3WorsenedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy remained in a situation of heightened uncertainty about the outlook for corporate earnings, as economic and financial markets were disrupted by sharp foreign-exchange fluctuations related to concerns about a slowdown in China, Brexit and the US presidential election.」
In addition to the previous references to the slowdown in China, Brexit and foreign-exchange fluctuations, disruption in the economic and financial markets caused by the US presidential election and sharp currency swings is cited as a source of uncertainty, broadening the description of the risk factors. - FY2017-Q2RestatedAnnual report
「During the first six months of the fiscal year under review, the Japanese economy remained in a situation of heightened uncertainty regarding the outlook for corporate earnings, owing to caution over overseas economies due to concerns about a slowdown in China’s economy and the United Kingdom’s withdrawal from the EU, as well as the yen’s appreciation.」
The Chinese economy, Brexit and the yen's appreciation continue to be cited as sources of uncertainty regarding the outlook for corporate earnings. No material change in the risks is reported. - FY2017-Q1First statedAnnual report
「The outlook for corporate earnings remained highly uncertain, due to the impact of sluggish equity markets and volatile foreign-exchange rates stemming from concerns over a slowdown in China’s economy and the United Kingdom’s withdrawal from the EU.」
China’s economy, Brexit, equity markets and foreign exchange are identified as uncertain factors in the business environment.